EVgo, Inc. to Post Q3 2024 Earnings of ($0.11) Per Share, Capital One Financial Forecasts (NYSE:EVGO)

EVgo, Inc. (NYSE:EVGO - Free Report) - Research analysts at Capital One Financial issued their Q3 2024 earnings per share estimates for shares of EVgo in a report issued on Monday, September 16th. Capital One Financial analyst D. Becker forecasts that the company will earn ($0.11) per share for the quarter. Capital One Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for EVgo's current full-year earnings is ($0.40) per share. Capital One Financial also issued estimates for EVgo's Q4 2024 earnings at ($0.11) EPS, FY2024 earnings at ($0.41) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.08) EPS, Q1 2026 earnings at ($0.10) EPS, Q2 2026 earnings at ($0.09) EPS and FY2026 earnings at ($0.37) EPS.

EVgo (NYSE:EVGO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The business had revenue of $66.62 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter last year, the firm earned ($0.08) EPS. The company's revenue for the quarter was up 31.8% on a year-over-year basis.

Several other equities analysts have also recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of EVgo in a research note on Monday, September 9th. UBS Group assumed coverage on shares of EVgo in a research note on Monday, July 22nd. They issued a "neutral" rating and a $4.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of EVgo from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Benchmark lifted their target price on EVgo from $3.00 to $5.00 and gave the company a "buy" rating in a research report on Friday, July 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of EVgo in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.63.

EVgo Stock Down 1.8 %

EVGO traded down $0.08 during trading on Thursday, hitting $4.33. The company had a trading volume of 2,982,677 shares, compared to its average volume of 3,116,793. The company has a market capitalization of $1.31 billion, a PE ratio of -11.32 and a beta of 2.59. EVgo has a one year low of $1.65 and a one year high of $4.80. The firm's 50-day moving average price is $3.94 and its 200 day moving average price is $2.82.

Insider Transactions at EVgo

In other EVgo news, insider Francine Sullivan sold 12,584 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total transaction of $45,302.40. Following the transaction, the insider now owns 117,327 shares in the company, valued at approximately $422,377.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Francine Sullivan sold 12,584 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $3.60, for a total transaction of $45,302.40. Following the transaction, the insider now directly owns 117,327 shares of the company's stock, valued at $422,377.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Dennis G. Kish sold 16,414 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $3.60, for a total value of $59,090.40. Following the completion of the sale, the president now owns 47,614 shares of the company's stock, valued at $171,410.40. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $110,189 over the last quarter. Company insiders own 66.96% of the company's stock.

Institutional Trading of EVgo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC acquired a new stake in EVgo in the second quarter valued at about $27,000. Voisard Asset Management Group Inc. bought a new position in shares of EVgo in the fourth quarter worth about $29,000. Simplicity Wealth LLC acquired a new stake in shares of EVgo in the 1st quarter valued at approximately $36,000. Bleakley Financial Group LLC acquired a new stake in shares of EVgo in the 1st quarter valued at approximately $36,000. Finally, SG Americas Securities LLC bought a new stake in shares of EVgo during the 1st quarter valued at approximately $41,000. Institutional investors own 17.44% of the company's stock.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.